Airtel Payments Bank (Interest rate down to 4%!)

Citrus

Regulars
Dec 9, 2010
1,024
150
Sikkim
I wonder if they're making a profit with the Payment Bank (not sure how they would) or they're in red.
 

Sushubh

Administrator
Oct 29, 2004
413,823
12,769
Gurugram
I think Aadhaar KYC restriction has basically fucked up all payments banks for the time being.
And if SC ruling next month makes it optional for anything that does not depends upon the Consolidated Fund of India (or whatever it is called)... The cost of manual KYC would make it just too expensive for them to even keep it operating.

Paytm is already venturing into mutual funds and other investments. Google is going to offer loans through Google Pay. I really do not see the target market for payments banks.